OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects

The OECD has cut its global growth outlook, warning of lasting damage caused by the Middle East conflict.

UK economy to grow 0.9% this year but outlook cut for 2027 – OECD

Forecasts predicted that global economic growth will slow to 2.8% this year, from 3.4% in 2025.

By Henry Saker-Clark

OECD revises up S. Korea's 2026 growth outlook to 2.6%

The Organization for Economic Cooperation and Development on Wednesday raised South Korea's economic growth outlook for this year to 2.6 percent from 1.7 percent three months earlier, citing the country's robust chip exports amid the artificial intelligence boom. The Paris-based organization said the country's outbound shipments of chips are expected to continue driving economic growth. South Korea's exports surged 53 percent from a year earlier to a new monthly high of $87.8 billion in May, dri

By The Korea Herald

Italy's GDP to grow 0.5% in 2026 with price shock weighing on economy - OECD

(ANSA) - ROME, JUN 3 - Italy's GDP is set to rise by only 0.5% this year with the energy-price shock triggered by the Iran war weighing on household consumption, investment and exports, the OECD said in its latest economic outlook report on Wednesday. It added that an upswing in inflation caused by the surge in energy prices will reverse recent gains in real wages. The Paris-based organization said Italy was exposed to the conflict in the Middle East because of a high share of its energy come...

By ANSA

Court jails 3 minors in murder of Jõgeva man

A court has sentenced three minors to prison terms of between eight and nine and a half years after finding them guilty of murder.